Initial Public offering of Stove Kraft Limited (Stove Kraft IPO)
About the Company
Initial Public offering of Stove Kraft Limited (Stove Kraft IPO): Stove Kraft is a major player in the Kitchen appliances in the Indian market. The company sells under the brand names such as “Gilima” and “Pigeon” and “Black + Decker”. The product portfolio of Stove Kraft has 660+ kitchen solutions including cooking appliances, cookware, household utilities, and others. In the year 2019, it also started manufacturing Pigeon LED products. They are selling products through e-commerce marketplace too. The estimated turnover for the last financial year likely around 700 crores. Stove Kraft has a wide network in India for the distribution and selling of their products. The company export its product to the USA, Mexico, Kenya, Qatar, Sri Lanka, Fiji, Bahrain, Kuwait, etc. Check out Stove Kraft IPO dates, price band and market lot details.
Promoters of the company
- Rajendra Gandhi
- Sunita Rajendra Gandhi
Objects of the Offer
The IPO proceed will be used for the following purposes;
- To make the repayment or prepayment payment of the company’s borrowings fully or partially
- To meet general corporate purposes.
Financials of the company
The below is the summarized Financial Details of Company (RESTATED CONSOLIDATED INFORMATION)
| 30-Sept-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 4,984.99 | 4,712.91 | 4,257.26 | 3,936.42 |
| Total Revenue | 3,295.09 | 6,729.14 | 6,425.98 | 5,345.85 |
| Profit After Tax | 287.76 | 31.70 | 7.36 | (120.18) |
IPO Details
| IPO Open: | 25 January 2021 |
| IPO Close: | 28 January 2021 |
| IPO Size: | Approx ₹412 crore |
| Face Value: | ₹10 per Equity Share |
| Price Band: | ₹384 to ₹385 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Equity: | 8,250,000 shares |
Time line of IPO Process
| IPO Subscription Open date | 25th January 2021 |
| IPO Subscription Close date | 28th January 2021 |
| Basis of Allotment finalization date | 02 February 2021 |
| Issue of refunds and Allotment status link activation date | 03 February 2021 |
| Crediting of shares to Demat account | 04 February 2021 |
| IPO Listing on Stock Exchanges( 10 Am) | 05 February 2021 |
Strengths of the Company
- One of the largest kitchen appliance company in India.
- Diversified product portfolio.
- Strong brand name.
- Strong distribution network.
- Well-equipped manufacturing facility
Risks of Business and Operations
Book Running Lead Managers
- JM Financial Consultants Private Limited
- Edelweiss Financial Services Limited
Important Links
DRHP Draft Prospectus
RHP Draft Prospectus
Company Address
Stove Kraft Limited
81/1, Medamarana Halli Village
Harohalli Hobli, Kanakapura Taluk
Ramanagar District, 562 112
Phone: +91 80 2801 6222
Email: cs@stovekraft.com
Website: http://www.stovekraft.com
